Which of the Following Statements Is Correct About Banker's Acceptances

question 71

Multiple Choice

Which of the following statements is correct about banker's acceptances?

• A) They are equivalent to a sight draft.
• B) They represent the norm for installment sales.
• C) The bank guarantees payment of the invoice.
• D) The bank retains title to the merchandise.

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Definitions:

No-Slack

This term might refer to a technology or design feature in vehicle components that reduces or eliminates slack or play, ensuring tighter and more precise control.

Fully Oscillating

Describes a mechanism that has the ability to swing or pivot in full range around a fixed point or axis.

High Center

A situation where a vehicle becomes stuck with its center lifted off the ground, preventing wheel traction.

Low Center

Refers to a design or condition where the center of gravity is closer to the ground, enhancing stability.